About Modern Bank
Modern Bank is a Financial Services company based in New York (United States) founded in 1977. Commercial bank. Modern Bank has raised $6.06 million across 4 funding rounds. Its chief executive, as recorded, is Michael Tedesco. Modern Bank offers products and services including Digital Banking Platform, Certificate of Deposit, High Yield Money Market, Business Lending, and Consumer Banking. Its focus areas include Banks and Commercial Banks. Its legal entity is Modern Bank, National Association. Its competitors include Truist, First Republic Bank and Equity Bank; 1 of its 3 listed competitors has raised funding.
Company details
Modern Bank was founded in 1977 and is headquartered in New York, United States. Operations are centered on commercial banking within the financial sector. Services such as deposits, loans, and basic financial products are offered to businesses and individuals. The bank maintains a presence in the U.S. market, with leadership directed by Michael Tedesco as CEO and President.
- Headquarters New York, United States
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website modernbank.com
- Social LinkedIn
- Legal Name Modern Bank, National Association
- Total Equity Funding$6.06M (USD)
in 4 rounds
- Latest Funding Round$2.26M (USD), Series A
Jun 2026
Products & Services of Modern Bank
Modern Bank offers a comprehensive portfolio of products and services, including Digital Banking Platform, Certificate of Deposit, High Yield Money Market, Business Lending, and Consumer Banking.
Platform for managing accounts and transactions digitally
Fixed-term deposit accounts with guaranteed rates
Account offering high rates with easy access to funds
Loans for commercial and industrial needs
Services for individual account management and savings
Funding Insights of Modern Bank
Modern Bank has successfully raised a total of $6.06M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $2.26 million completed in June 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $6.06M
- Total Rounds 4
- Last Round Series A — $2.26M
- First Round $3.8M
(Mar 2010)
All 4 funding rounds of Modern Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2026 | $2.26M | Series A | – | – | – |
| Sep 2018 | $20M | Debt – Conventional | – | – | – |
| Aug 2011 | $2M | Unspecified | – | – | – |
| Mar 2010 | $3.8M | Series A | – | – | – |
People of Modern Bank
26 people are tracked at Modern Bank (18 in leadership, 7 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
Michael Tedesco | CEO & President | Leadership |
Stephanie Suriano | Chief Financial Officer | Leadership |
Yair Talmor | President & CEO | Leadership |
Kevin P. Anderson | Head, Operations, IT & Client Services | Leadership |
Vera C. McVey | Chief Credit & Chief Risk Officer | Leadership |
Mike Elkashawy | Chief Information Security Officer And Head Of Information Technology | Leadership |
Kathleen S Colon Reberon | Chief Compliance Officer | Leadership |
Max Furman | Managing Director, Enterprise Saas & Direct C&i | Leadership |
Thomas E. Stelmar | Managing Director, Head Of Energy Lending | Leadership |
Steven Jackson | Director Credit Risk Management | Leadership |
Mathew Lauer | Head Of Human Resources | Leadership |
Joe Petrelli | Managing Director-head Of Commercial Real Estate Lending | Leadership |
Kelly Maloney | Assistant Vice President | Leadership |
Sheila Marie Abalos | Assistant Vice President Client Services | Leadership |
Alex Jeffrey | Assistant Vice President | Leadership |
Isabelle Montagnino | Assistant Vice President, Finance | Leadership |
Joseph V. Petrelli | Head, Commercial Real Estate | Leadership |
Arlene S. | Vp, Commercial Markets | Leadership |
Mitchell H. Caplan | Director | Board & advisors |
Anthony E. Burke | Vice Chairman | Board & advisors |
6 more people are available in the full profile.
Complete people profiles for Modern Bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Modern Bank
3 dated milestones of Modern Bank across 49 years, from founding to its latest funding, stage changes and deals.
- Founded Modern Bank is founded.
- Funding First funding round of $3.8M.
- Funding Latest funding round, Series A, of $2.3M.
Competitors of Modern Bank
Modern Bank has 3 listed competitors in our database, 1 of them funded. They include Truist, First Republic Bank and Equity Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truist.com | 1872 | Charlotte, United States | 55,480 | Wealth advisory and banking services are offered to clients. | ||
| firstrepublic.com | 1985 | San Francisco, United States | 7,065 | Commercial bank | ||
| equitybank.com | 2002 | Wichita, United States | $89.7M | Commercial banking services are provided to businesses and individuals. |
Detailed competitors of Modern Bank
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Modern Bank
The website of Modern Bank (modernbank.com) receives about 4.1K visits a month.
- Monthly visits4.1K
▲ 14.1% vs previous month
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Frequently Asked Questions about Modern Bank
Modern Bank was founded in 1977 and raised its 1st funding round 33 years after it was founded.
Modern Bank is headquartered in New York, United States. It is registered at New York, New York, United States.
Michael Tedesco is the CEO of Modern Bank, as recorded in our data.
Modern Bank is a funded company, having raised a total of $6.06M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3.8M, raised on Mar 2010.
Modern Bank was founded in 1977 and is headquartered in New York, United States. Operations are centered on commercial banking within the financial sector. Services such as deposits, loans, and basic financial products are offered to businesses and individuals. The bank maintains a presence in the U.S. market, with leadership directed by Michael Tedesco as CEO and President.
Modern Bank's top competitors include Truist, First Republic Bank and Equity Bank.
Modern Bank offers Digital Banking Platform, Certificate of Deposit, High Yield Money Market, Business Lending, and Consumer Banking.
Modern Bank operates through Modern Bank, National Association.